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HURRICANES NAME THEIR PRICE: INPUT ON ARENA'S TITLE RIGHTS
Published June 18, 1998
The Hurricanes want "some control over the naming rights" in return for paying a $20M cost overrun "that threatens timely completion" of the Raleigh downtown arena, according to Steve Politi of the Raleigh NEWS & OBSERVER. The current arena contract gives control of the naming rights to NC State Univ., which will share the arena with the Hurricanes. Other concessions the Hurricanes want include: "additional money from concessions, ticket sales, advertising and other arena revenue sources;" "greater participation in the proceedings of the Centennial Authority;" and "control of property around the arena." Local officials "are debating whether they can accept" the Hurricanes' offer (Raleigh NEWS & OBSERVER, 6/18).